Why Is HDFC Bank's Nifty Weight Falling So Fast

In this episode of Markets Today — Reliance enters the ice cream business with its new brand Bombay Creamery; ICICI Bank closes in on HDFC Bank's Nifty 50 weight, now the narrowest gap since January 2010; and rising bond yields worldwide, alongside $95+ crude, are tightening the environment for emerging markets like India.

Reliance Enters Ice Cream With Bombay Creamery Positioned as an "accessible premium" dairy brand made with real dairy cream. Launch starts in western India with plans for a pan-India rollout, part of RCPL's broader FMCG expansion.

ICICI Bank Closes In On HDFC Bank's Nifty Weight HDFC Bank's Nifty weight down to 9.85%, ICICI Bank's up to 9.45%. Behind the numbers: ICICI's NIM, CASA ratio and ROE all outpace HDFC Bank's post-merger metrics.

Rising Global Yields Squeeze Emerging Markets Japan's 10-year bond yield crosses 3% for the first time since 1996. US 10-year Treasury yield tops 4.75%. Crude above $95/barrel. Despite this, India posted 7.8% YoY Q1 GDP growth.